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14

Australian Federal and State Budgets - An Overview

the Global Financial Crisis and a gradual movement of the Queensland budget into deficit. The general government sector, however, was maintained in a position of negative net debt. This can be seen in the charts and table below:

Queensland Government Budget Surpluses/Deficits: 2000-01 – 2008-0960

millions of dollars

-1,000

2000-

2001-

2002-

2003-

2004-

2005-

2006-

2007-

2008-

01

02

03

04

05

06

07

08

09

5,000

4,000

3,000

2,000

1,000

0

  • -

    2,000

billions of dollars

-5

2000-

2001-

2002-

2003-

2004-

2005-

2006-

2007-

2008-

01

02

03

04

05

06

07

08

09

Queensland General Government Sector Net Debt: 2000-01 to 2008-0961

0

  • -

    10

  • -

    15

  • -

    20

  • -

    25

  • -

    30

60

Queensland Treasury, State Budget 2008-09, Budget Paper No.2, p.168; Queensland Treasury, State Budget 2009-10, Budget Paper No.2, p.184; Queensland Treasury, State Budget 2009-10, Mid Year Fiscal and Economic Review, p.8.

61

Queensland Treasury, State Budget 2008-09, Budget Paper No.2, p.168; Queensland Treasury, State Budget 2009-10, Budget Paper No.2, p.184; Queensland Treasury, State Budget 2009-10, Mid Year Fiscal and Economic Review, p.8.

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